| Thu Sep 4, 2008 Stikine Announces $500,000 Private Placement | |
| Vancouver, British Columbia: Stikine Gold Corporation (SKY:TSX.V) (the "Company") announces that it intends to proceed with private placement of up to five million units (the "Units") to be issued at a price of $0.10 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to acquire an additional common share for a twelve month period following closing at a price of $0.15. Proceeds from the private placement will be used for working capital and for initial evaluation of the Sowchea claims as announced in the Company's September 2, 2008 news release. The Sowchea claims are located approximately eight kilometers southwest of Fort St. James, BC. The private placement is subject to regulatory approval. STIKINE GOLD CORPORATION "Scott Broughton" Scott E. Broughton, P.Eng. -- President & CEO For further information contact: Investor Relations Tel: (604) 684-1900 Fax: (604) 684-2902 Email: info@stikinegold.com Web: www.stikinegold.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. | |